Hess Tightens Its Belt
Mar 4th 2013 5:34PM
Updated Mar 4th 2013 5:48PM
In the following video, Motley Fool energy analysts Joel South and Taylor Muckerman discuss an announcement by Hess to divest its retail arm, thereby completely exiting the downstream segment, and use the cash on some outstanding projects that will refocus the company entirely into an exploration and production company. Joel tells us what similar moves have looked like from other companies that have divested their downstream assets to refocus more on exploration and production, and gives investors an idea of what they can expect in terms of the company distributing some of the cash from this deal to shareholders.
There are many different ways to play the energy sector, and The Motley Fool's analysts have uncovered an under-the-radar company that's dominating its industry. This company is a leading provider of equipment and components used in drilling and production operations, and is poised to profit in a big way from it. To get the name and detailed analysis of this company that will prosper for years to come, check out the special free report: "The Only Energy Stock You'll Ever Need." Don't miss out on this limited-time offer and your opportunity to discover this under-the-radar company before the market does. Click here to access your report -- it's totally free.
The article Hess Tightens Its Belt originally appeared on Fool.com.Joel South and Taylor Muckerman have no position in any stocks mentioned. The Motley Fool owns shares of Devon Energy. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.